LUPIN LIMITED (LUPIN) financials

LUPIN LIMITED (LUPIN) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Lupin is an innovation-led transnational pharmaceutical company headquartered in Mumbai. Lupin develops and commercializes a wide range of branded and generic formulations, biotechnology products, and APIs in over 100 markets in the U.S., India, South Africa, and across the Asia Pacific (APAC), Latin America (LATAM), Europe, and Middle East regions.

Market Cap: ₹88,486Cr.
Current Price: ₹1,935
Stock P/E: 13.4
ROE: 21.2%
ROCE: 26.2%
Book Value: ₹659
Dividend Yield: 0.93%
52W High / Low: ₹2,530/1,900

In Jun 2026, LUPIN LIMITED (LUPIN) reported sales ₹7,172 Cr and net profit ₹2,715 Cr.

Annual TTM: sales ₹20,976 Cr, net profit ₹6,953 Cr.

Shareholding: Promoters 46.85% (Jun 2026), FIIs 22.42% (Jun 2026), DIIs 24.65% (Jun 2026), Government 0.00% (Jun 2026), Public 6.08% (Jun 2026).

LUPIN quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	4,106	4,208	4,486	5,709	4,068	4,501	5,235	7,172
Expenses	2,991	2,797	2,740	2,979	2,893	2,885	2,953	3,439
Operating Profit	1,115	1,411	1,746	2,730	1,176	1,617	2,282	3,733
OPM %	27%	34%	39%	48%	29%	36%	44%	52%
Other Income	33	-22	49	54	663	-534	537	102
Interest	18	20	34	19	28	36	39	36
Depreciation	146	153	208	177	175	179	177	190
Profit before tax	984	1,217	1,553	2,588	1,636	868	2,602	3,610
Tax %	18%	19%	17%	18%	17%	17%	17%	25%
Net Profit	808	985	1,291	2,128	1,357	717	2,164	2,715
EPS in Rs	17.71	21.58	28.28	46.60	29.72	15.71	47.33	59.37
Raw PDF	—	—	—	—	—	—	—	—

LUPIN profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	11,026	11,056	11,772	11,259	14,666	16,968	19,513	20,976
Expenses	9,116	9,012	11,560	10,295	11,216	11,574	12,336	12,169
Operating Profit	1,909	2,044	211	964	3,451	5,394	7,176	8,807
OPM %	17%	18%	1.8%	9%	24%	32%	37%	42%
Other Income	-286	129	215	210	115	176	1,346	768
Interest	53	41	73	98	56	84	121	138
Depreciation	519	503	514	548	725	648	707	720
Profit before tax	1,052	1,630	-162	527	2,785	4,837	7,694	8,716
Tax %	31%	23%	17%	19%	16%	18%	17%	—
Net Profit	728	1,259	-189	425	2,326	3,973	6,367	6,953
EPS in Rs	16.06	27.74	-4.15	9.35	51.05	87.02	139.26	152.13
Dividend Payout %	37%	23%	-96%	43%	16%	14%	13%	—

LUPIN balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	90	91	91	91	91	91	91	91
Reserves	17,027	17,383	18,475	18,059	18,321	20,512	24,187	30,042
Borrowings	6	6	485	951	749	105	250	1,115
Other Liabilities	2,567	3,201	2,808	3,212	3,523	4,215	3,904	4,854
Total Liabilities	19,690	20,680	21,859	22,313	22,684	24,923	28,432	36,103
Fixed Assets	3,373	3,514	3,639	3,690	4,022	4,113	4,946	4,873
CWIP	1,199	822	951	947	927	446	278	523
Investments	7,388	7,456	9,563	9,511	9,974	11,581	11,955	15,625
Other Assets	7,730	8,888	7,706	8,165	7,761	8,783	11,253	15,082
Total Assets	19,690	20,680	21,859	22,313	22,684	24,923	28,432	36,103

LUPIN cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	3,111	2,219	1,570	151	1,794	2,504	2,445	5,540
Cash from Investing Activity	-2,865	-740	-2,508	-372	-1,269	-1,599	-1,766	-5,649
Cash from Financing Activity	-295	-368	-53	102	-498	-867	-460	-121
Net Cash Flow	-50	1,112	-991	-118	27	38	218	-230
Free Cash Flow	2,170	1,703	1,052	-442	1,233	1,815	1,160	5,083
CFO/OP	137%	136%	98%	1%	199%	77%	60%	93%

LUPIN shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	46.96%	46.94%	46.91%	46.90%	46.89%	46.89%	46.85%	46.85%
FIIs	21.50%	22.04%	21.46%	21.25%	20.50%	21.50%	21.70%	22.42%
DIIs	25.10%	24.73%	25.41%	25.55%	26.56%	25.58%	25.32%	24.65%
Government	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	6.44%	6.27%	6.21%	6.28%	6.06%	6.04%	6.13%	6.08%
No. of Shareholders	2,79,280	2,81,988	2,83,210	2,86,604	2,80,256	2,88,931	2,90,411	3,00,283

LUPIN key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	120	120	105	84	87	96	122	129
Inventory Days	216	216	236	260	230	216	239	251
Days Payable	118	136	104	110	119	148	146	189
Cash Conversion Cycle	218	199	237	234	197	163	215	191
Working Capital Days	171	154	146	124	110	116	153	135
ROCE %	16%	10%	9%	-1%	3%	14%	22%	26%

LUPINUpdated 13 Oct 2026, 5:45

Lupin Limited

LUPINUpdated 13 Oct 2026, 5:45

Market Cap

₹88,486Cr.

Current Price

₹1,935

High / Low

₹2,530/1,900

Stock P/E

13.4

ROE21.2%

ROCE26.2%

Book Value₹659

Face Value₹2.00

Dividend Yield0.93%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	3496	16	2791	28	140	577	17	477	10.48
Sep 2023	3659	15	2824	26	149	696	21	549	12.05
Dec 2023	4116	11	2898	23	145	1084	15	916	20.13
Mar 2024	3396	13	2696	31	290	428	10	384	8.43
Jun 2024	4168	14	2968	38	141	1083	18	889	19.5
Sep 2024	4106	18	2991	33	146	984	18	808	17.71
Dec 2024	4208	20	2797	-22	153	1217	19	985	21.58
Mar 2025	4486	34	2740	49	208	1553	17	1291	28.28
Jun 2025	5709	19	2979	54	177	2588	18	2128	46.6
Sep 2025	4068	28	2893	663	175	1636	17	1357	29.72
Dec 2025	4501	36	2885	-534	179	868	17	717	15.71
Mar 2026	5235	39	2953	537	177	2602	17	2164	47.33
Jun 2026	7172	36	3439	102	190	3610	25	2715	59.37

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	9752	5	6375	177	337	3212	25	2397	53.34
Mar 2016	11344	24	7357	187	306	3844	26	2831	62.83
Mar 2017	12626	29	8134	82	366	4179	25	3141	69.56
Mar 2018	10081	33	7992	128	390	1794	25	1345	29.74
Mar 2019	11356	35	8504	-49	426	2342	34	1539	34.01
Mar 2020	11026	53	9116	-286	519	1052	31	728	16.06
Mar 2021	11056	41	9012	129	503	1630	23	1259	27.74
Mar 2022	11772	73	11560	215	514	-162	17	-189	-4.15
Mar 2023	11259	98	10295	210	548	527	19	425	9.35
Mar 2024	14666	56	11216	115	725	2785	16	2326	51.05
Mar 2025	16968	84	11574	176	648	4837	18	3973	87.02
Mar 2026	19513	121	12336	1346	707	7694	17	6367	139.26
TTM	20976	138	12169	768	720	8716	—	6953	152.13

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	46.85%
FIIs	22.42%
DIIs	24.65%
Public	6.08%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Sep 2023	47.06%	14.99%	29.14%	0.28%	8.52%
Dec 2023	47.04%	16.11%	29.72%	0.01%	7.1%
Mar 2024	47.01%	18.29%	27.76%	0.01%	6.93%
Jun 2024	46.99%	19.32%	26.77%	0.01%	6.92%
Sep 2024	46.96%	21.5%	25.1%	0.01%	6.44%
Dec 2024	46.94%	22.04%	24.73%	0.01%	6.27%
Mar 2025	46.91%	21.46%	25.41%	0.01%	6.21%
Jun 2025	46.9%	21.25%	25.55%	0%	6.28%
Sep 2025	46.89%	20.5%	26.56%	0%	6.06%
Dec 2025	46.89%	21.5%	25.58%	0%	6.04%
Mar 2026	46.85%	21.7%	25.32%	0%	6.13%
Jun 2026	46.85%	22.42%	24.65%	0%	6.08%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	90	8938	45	1935	11008	2036	490	3444	5038	11008
Mar 2016	90	11823	392	1931	14236	2345	624	3741	7526	14236
Mar 2017	90	14690	593	2475	17848	3013	481	6914	7441	17848
Mar 2018	90	15695	17	2879	18681	3341	1171	5363	8806	18681
Mar 2019	90	17027	6	2567	19690	3373	1199	7388	7730	19690
Mar 2020	91	17383	6	3201	20680	3514	822	7456	8888	20680
Mar 2021	91	18475	485	2808	21859	3639	951	9563	7706	21859
Mar 2022	91	18059	951	3212	22313	3690	947	9511	8165	22313
Mar 2023	91	18321	749	3523	22684	4022	927	9974	7761	22684
Mar 2024	91	20512	105	4215	24923	4113	446	11581	8783	24923
Mar 2025	91	24187	250	3904	28432	4946	278	11955	11253	28432
Mar 2026	91	30042	1115	4854	36103	4873	523	15625	15082	36103

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	2852	-1178	-221	1452
Mar 2016	917	-2629	17	-1696
Mar 2017	4352	-1941	-160	2252
Mar 2018	209	725	-987	-52
Mar 2019	3111	-2865	-295	-50
Mar 2020	2219	-740	-368	1112
Mar 2021	1570	-2508	-53	-991
Mar 2022	151	-372	102	-118
Mar 2023	1794	-1269	-498	27
Mar 2024	2504	-1599	-867	38
Mar 2025	2445	-1766	-460	218
Mar 2026	5540	-5649	-121	-230

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	94	146	113	179	120	120	105	84	87	96	122	129
Inventory Days	211	214	232	229	216	216	236	260	230	216	239	251
Days Payable	126	126	161	150	118	136	104	110	119	148	146	189
Cash Conversion Cycle	179	234	184	258	218	199	237	234	197	163	215	191
Working Capital Days	115	169	127	219	171	154	146	124	110	116	153	135
ROCE %	40%	36%	30%	11%	16%	10%	9%	-1%	3%	14%	22%	26%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of LUPIN LIMITED (LUPIN)?

The reported market capitalisation for LUPIN LIMITED (LUPIN) is ₹88,486Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of LUPIN?

The current price shown for LUPIN LIMITED (LUPIN) on Fincrux is ₹1,935 with a 52-week high/low of ₹2,530/1,900.

What is the P/E ratio of LUPIN LIMITED (LUPIN)?

The stock P/E for LUPIN LIMITED (LUPIN) is 13.4 on Fincrux, with ROE at 21.2% and ROCE at 26.2%.

What were LUPIN latest quarterly results?

For Jun 2026, LUPIN LIMITED (LUPIN) reported sales ₹7,172 Cr and net profit ₹2,715 Cr (figures in ₹ crore unless noted).

What are LUPIN annual sales and net profit?

For TTM, LUPIN LIMITED (LUPIN) shows sales of ₹20,976 Cr and net profit of ₹6,953 Cr on the Fincrux profit & loss statement.

Who owns LUPIN LIMITED (LUPIN)?

Latest shareholding for LUPIN LIMITED (LUPIN) on Fincrux: Promoters 46.85% (Jun 2026), FIIs 22.42% (Jun 2026), DIIs 24.65% (Jun 2026), Government 0.00% (Jun 2026), Public 6.08% (Jun 2026).

Where can I find LUPIN LIMITED (LUPIN) financials?

LUPIN LIMITED (LUPIN) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show LUPIN balance sheet and cash flow?

Yes. The LUPIN LIMITED (LUPIN) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 13 October 2026 at 5:45